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The State Is Opening Pandora's Box. Is It Making Unfulfillable Promises? If It Backs Down, It Will Lose Hundreds of Millions on One Item in the Invoice
When the new government of Andrej Babiš took office in neighboring Czech Republic, the cabinet took a significant measure. The cabinet agreed that all electricity consumers would not pay a fee on their bills this year, which mainly subsidizes green power plants. The step brought consumers a price relief. The average household saw a drop in the price of electricity by approximately 10 percent. For companies that purchase electricity at high volta…
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When the new government of Andrej Babiš took office in neighboring Czech Republic, the cabinet took a significant measure. The cabinet agreed that all electricity consumers would not pay a fee on their bills this year, which mainly subsidizes green power plants. The step brought consumers a price relief. The average household saw a drop in the price of electricity by approximately 10 percent. For companies that purchase electricity at high volta…